An LG Dishwasher, which costs $950, has a 20% chance of needing to be replaced in the first 2 years ofpurchase. A two-year extended warrantee costs $112.10 on a dishwasher. Assume the dishwasher isreplaced in the first 2 years.a) Write out the probability distribution for the value of the extended warranty.Make sure you enter your X values from smallest to largest.XP(X)b) What is the expected value of the extended warranty?Round final answer to 2 decimal places and write the units in the second box.

To find: a. To find the probability distribution b. To find the expected value.

Answered: An LG Dishwasher, which costs $950, has…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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